Young African Businesswoman Analyzing Data On Multiple Computer Screen In Office
It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:
ANZ Group Holdings Ltd (ASX: ANZ)
According to a note out of Goldman Sachs, its analysts have upgraded this banking giant’s shares to a buy rating with a $27.38 price target. The broker has also added ANZ to its coveted conviction list and crowned it as the best big four bank to buy now. This is based on its confidence around the sustainability of ANZ’s improvement in its Institutional returns. The ANZ share price is trading at $23.61 on Friday afternoon.
Paladin Energy Ltd (ASX: PDN)
A note out of Macquarie reveals that its analysts have retained their outperform rating and $1.10 price target on this uranium developer’s shares. This follows an update on its progress restarting the Langer Heinrich uranium mine. Macquarie was pleased that the company remains on course to restart production in the first quarter of 2024. This bodes well for Paladin given increasing demand for uranium and tight market conditions. The Paladin Energy share price is fetching 74 cents today.
Telix Pharmaceuticals Ltd (ASX: TLX)
Analysts at Bell Potter have retained their buy rating and $14.00 price target on this radiopharmaceuticals company’s shares. Bell Potter was pleased with the company’s recent acquisition of the Dedicaid AI platform for nuclear medicine. It feels this could put the company at the forefront of plugging a gap in the US market. The Telix share price is trading at $11.29 today.
